Why opt for Loan Against Property?
- Quick Approval and Disbursement We expedite loan approvals with a streamlined application process, minimal documentation, and rapid eligibility assessments, ensuring swift disbursement to provide customers with a quick and hassle-free lending experience.
- Customer-Centric ApproachOur commitment to our customers is unwavering. We prioritize your financial well-being and work diligently to tailor loan solutions that align with your individual needs and goals.
- Trust and IntegrityAt Shubham, trust and integrity are at the core of our values. We believe in transparent and honest lending practices, ensuring that our customers receive fair and ethical treatment throughout their loan journey.
- Innovation and Adaptability Shubham embraces innovation and adapts to the evolving needs of our customers. We continuously seek new and improved ways to provide loan against property solutions that align with changing financial landscapes.
- Community and InclusivityInclusivity is a fundamental value at Shubham. We take pride in serving a diverse customer base, including those with informal incomes, and aim to contribute positively to the communities we operate in.
- Empowerment Through Financial SolutionsShubham is dedicated to empowering individuals by offering financial solutions that help them achieve their dreams and aspirations. Whether it's expanding your business, educating your children, or any other goal, we are here to support your journey.
Purpose
Eligibility Criteria
Documents Required For Self Employed Individuals
Documents Required for Salaried Individuals
Loan Amount
Maximum Repayment Period
Rate of Interest
Repayment Option
Why Choose Shubham?
Purpose
A Loan against Property serves multiple purposes for individuals as well as businesses such as starting a new business or expanding your existing business. In such circumstances, you can utilize your property to its full potential by availing a loan against property. Individuals often use it for the following purposes:
- Fund your child’s education
- Business expansion
- Funding the dream vacation
- Funding any medical emergency
- Wedding
A Loan Against Property helps you to survive through tough times. Check out the steps to get instant approval with Shubham easy online process.
Step 1
Apply online and our representative will reach out to you or visit our branch nearest to you.
Step 2
Our representative will come to your place of work/home to explain the product and process and collect the necessary documents.
Step 3
We evaluate your documents, have a discussion with you and do the necessary checks. If everything goes well, we sanction your loan.
Step 4
Submit the remaining documents and your loan is disbursed.
Loan Against Property EMI Calculator
- A Loan Against Property EMI calculator is a unique tool that helps you measure your monthly payments to repay your loan.
- Utilize Shubham's EMI calculator to simplify the calculation process. This calculator allows you to input the loan amount, interest rate and tenure to instantly determine your monthly EMI.
- Understand that the loan amount, interest rate and tenure directly impact your EMI amount. Adjusting these variables will change the EMI accordingly.
- If you have any doubts or need assistance in calculating your Loan Against Property EMI, don't hesitate to consult with our representative. They can provide personalized guidance and support throughout the process.
Frequently Asked Questions:
What percentage of the property value can I avail as a LAP?
You can avail up to 50% of the property value as LAP. However, the amount will depend on the property type and other checks.
How much loan can I get against my property?
The loan amount against property usually ranges between 50% to 70% of the property's market value in India. The final loan eligibility depends on income stability, credit score, repayment capacity, property type, location, and existing liabilities. Lenders also conduct professional property valuation before approval. Eligibility may vary depending on lender policies and borrower profile. Because the property is kept as collateral, Loan Against Property usually allows borrowers to access higher loan amounts compared to unsecured loans.
What is the interest rate on Loan Against Property?
Loan Against Property (LAP) usually offers lower interest rates compared to unsecured loans because it is a secured loan. The exact interest rate depends on your credit score, income stability, repayment capacity, loan amount, property type, and lender policies. You can choose between fixed or floating interest rate options based on your financial profile.
Can I take top-up loan to my existing property loan?
Yes, you can avail top-up loan on an existing LAP only if you have made timely repayment of EMIs for the current property loan.